Quote from: R0mi on July 08, 2018, 07:57:53 PM

Quote

To the best of my knowledge, its a legit setup and youtuber Boxmining actually visited their shop and interviewed them. They also showcased their blockchain based RFID application. Promising project actually but it didnt give me that 1000x vibe.

https://www.youtube.com/watch?v=RzhXncTVOzA

Thought experiment:

Freeze that video at 1:09, 1:12, 1:14. Look at all young guys in the room as the interviewer first walks in. At 1:12-1:14, does the monitor visible in the lower left corner look like someone coding, or does it appear to be a social media site? Does it look like anyone is coding anything in that large open space with young people and monitors? Are you able to connect any of the people sitting inside that office (which based on the "Cityscape" sign appears to be rented space) when the interviewer walks in and match them to the photos at the back of the white paper (the "team")?

https://bitcointalk.org/index.php?topic=2127069.msg41741569#msg41741569

The above post ^^^ from the WTC thread is pretty typical. A new user, with just three posts to his credit. He not only took the time to look at the document I linked to, he even comments on it:

"I am now following this project. Read the whitepaper (May 2018 version), verified the team, read their patents, appreciated their government connections and presence in China and Korea IoT and Blockchain industry, their vision, careful planning, modesty and seriousness. This is all very impressive, unlike most (any?) other project I have investigated.

I am really dumbfounded with people still calling them scam or "pie in the sky" Huh"
---

He has verified the team? Really? How?
What patents? Anyone can apply for a patent, show me an actual granted patent.

This is shilling on a grand, grand scale.

The sad thing is that this shilling - as many like to describe it nowadays - is omnipresent in crypto space. WTC is not the only sh1tcoin in the top100. The technology behind (let's call them) projects like EOS, IOTA, XVG, TRON or even XRP is full of holes, vulnerabilities and privacy loopholes. And it doesn't matter how many times you polish a turd, it will still be a turd (I'm looking at you, BCH).

Don't get me started about the new coin launches either. 99% of them are scams. And that's probably being conservative. They don't even bother with a whitepaper or even a timeline anymore, it's beyond retarded.

With the plethora of new (shit-)tokens coming out regularly too, the ETH chain is so congested you can't even sync a local wallet anymore. ETH has got their back against the wall. If they don't change anything presto, we're gonna need another ecosystem.

Let's hope there's future in the Hyperledger framework. I passed the course the other week. It does strike you how much in infancy the whole blockchain tech really (still) is... But the guys over at Linux Foundation seem pretty bright and motivated. If anyone's interested, head over to EDX.org. The course is free (you can choose to pay $200 for the certificate at the end). I've got no affiliation to the guys, btw this is not a promotional message. Just sharing what I found interesting (and might benefit others in here).